That is the key.. understanding how inventory affects your money every single day.

In my experience, here’s the typical small business owner’s attitude to inventory.

Buy inventory, enter it into QuickBooks using whichever process seems best at the time

Sell some inventory

Create invoices or sr's to show the sale

Run financial reports and not really understand how COGS is calculated

Buy lots of inventory near the end of the year because it’s a good deal

Don’t take a physical inventory at the end of the year.

Repeat over and over

Pretty standard, right?

Well, I’m going on record to say that it’s weak.

Yes. WEAK.

No matter HOW GOOD your inventory is, or how great your sales are, or how wonderful your vendors are... you can do a lot better if you’ve got the GUTS to find out how it all works, and if it’s working right or not for YOU.

Bad financial information is costing you money every single day. Get the best and get it right now.